Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | — | — | — | -136.4% | -1,200% | -400% | — | 93.9% |
| EBIT margin % | — | — | — | -136.4% | -1,200% | -400% | — | 93.9% |
| PAT margin % | — | — | — | -118.2% | -900% | -57.1% | — | 86.1% |
| Working capital | ||||||||
| Receivable days | — | — | — | 0 | 0 | 0 | — | 366 |
| Inventory days | — | — | — | 0 | 0 | 0 | — | 0 |
| Payable days | — | — | — | 98 | 84 | 52 | — | 41 |
| NWC days | — | — | — | -98 | -84 | -52 | — | 325 |
| Leverage | ||||||||
| Current ratio | — | — | 0.01 | 0.03 | 0.02 | 0.1 | 0.87 | 11.37 |
| Debt to EBITDA | — | — | — | — | — | — | — | 0.64 |
| Debt to equity | — | — | -0.92 | -0.94 | -0.99 | -0.98 | -7.43 | 0.77 |
| Interest coverage | — | — | -3 | -1.8 | -0.8 | -2 | -2 | — |
| Asset turnover | — | — | 0 | 2.75 | 0.33 | 0.5 | 0 | 0.68 |
| Return ratios | ||||||||
| Return on assets % | — | — | -400% | -325% | -300% | -28.6% | -71.4% | 58.5% |
| Return on capital employed % | — | — | 15.2% | 8% | 3.3% | 1.6% | 335.3% | 68% |
| Return on equity % | — | — | 20.2% | 11.5% | 7.4% | 3.2% | 485.7% | 110.1% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.